Revenues/Cash Management

Aid and Incentives for Municipalities: New York State's Local Revenue Sharing Program

The Aid and Incentives for Municipalities (AIM) program, the State’s unrestricted aid program for cities, towns and villages, has remained flat or declined over the last decade.  Also called revenue sharing, this aid to local governments has declined by 24% since 2011, when the state’s real property tax cap was enacted. This aid is important for municipalities, since it can be used for any governmental purpose, and it is particularly vital to many cities.

Pandemic and Recovery: Local Government Finances and Federal Assistance - Lessons from the Mid-Hudson Region

The case studies described in this report provide insight into some of the fiscal challenges that the COVID-19 pandemic presented to individual local governments in 2020. OSC staff conducted interviews and financial analysis in late fall 2020, choosing the Mid-Hudson region as the geographical focus. The City of Peekskill, the Town of Cornwall and the Village of New Paltz agreed to participate in the study. Each had its own unique experience in 2020, but each also shows some of the typical problems facing local governments throughout the region and the State.

Federal Aid Received by NYS Local Governments and School Districts under the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan Act

This guidance document expands upon the importance of proper fiscal oversight, as discussed in our July 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act Information bulletin. It also identifies the main source of revenues available under the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act and the American Rescue Plan (ARP) Act to local governments and school districts in NYS.

Performance of Industrial Development Agencies in New York State - 2020 Annual Report

The report summarizes most recently completed data (fiscal year ending 2018) found in these annual reports. In addition to reviewing IDA data, the Office of the State Comptroller (OSC) provides training to IDA officials on various topics, including recent legislative reforms and how to improve their compliance with reporting requirements. | Interactive Map

Under Pressure: Local Government Revenue Challenges During the COVID-19 Pandemic

Our State’s local governments are being tested on many fronts as a result of the COVID-19 Pandemic. This report will examine some of the major risks to these revenue sources, the dependence of local governments on each, and the effects of federal government actions to help keep local governments afloat thus far.

Account Code for Aid and Incentives for Municipalities (AIM) -Related Payments

The purpose of this bulletin is to provide guidance related to accounting for Aid and Incentives for Municipalities (AIM)-Related Payments. These payments are a result of a recent amendment to the New York State Tax Law, which requires a portion of county-imposed sales tax revenues to be withheld and distributed by the State Comptroller to certain towns and villages in accordance with new Tax Law Section 1261.
Updated January 2020 (Originally Issued December 2019)